The easiest way to describe a chargeback is by saying it’s when the bank reverses a credit card charge. Now, these reversals don’t just happen on a whim. What prompts a chargeback is when an unhappy customer asks the bank for a refund. As opposed to getting it from the business. After an investigation, the bank will remove funds from the business if it feels the customer’s complaint is valid and there was either a billing error or the merchant acted dishonestly. Read on to learn what kind of impact these charges may have.
The “cloud” is one of those buzzwords that everyone hears, but few actually understand what it really means. We all know it has something to do with computers, and that it sounds techy and cool, but the knowledge stops there for most people. We’re here today to demystify the cloud and help you understand exactly how it works. And what you should know about it.
Owning a small business can be extremely gratifying. Owners get to be their own bosses, choose their own hours, and turn their passions into a career. A perk of owning a small business is getting to make every decision about your company- what to spend money on, how to market your business, where to establish your office, and how to budget. This massive list of business decisions may be exciting for freshly minted entrepreneurs, but it can also come with real consequences.
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